VN eyes $2 billion in cassava export on China’s import demand
Vietnam’s cassava industry is aiming to achieve an export value of $2 billion by 2030. Annually, the export of cassava and cassava products generates over $1 billion in revenue for the national economy. In the first quarter of 2024, despite a 3.3% decrease in export volume on consignment, the export value increased by 15.6% compared to the same period last year, reaching $430.44 million with an average selling price of $455.5 per ton, 19.5% higher. Freight transportation plays a crucial role in delivering cassava products to export markets. The export shipment of cassava typically takes place by sea with the participation of professional logistics companies, freight forwarders, and carriers.
A lorry carrying cassava. Việt Nam has set the target for cassava export at around US$2 billion by 2030. — VNA/VNS Photo Đức Thọ
China continues to be the primary consumer market, accounting for 94.2% of the volume and 92% of the value of Vietnam’s cassava exports on consignment in the first quarter of this year. In 2023, the export value of cassava reached $1.3 billion, affirming cassava as Vietnam’s first billion-dollar crop. Sending goods abroad often requires the participation of reputable and high-quality international freight service providers.
Recently, the “Sustainable Development Plan for the Cassava Industry until 2030, with a Vision toward 2050” has been approved. Accordingly, by 2030, the country’s fresh cassava output is expected to reach 11.5 – 12.5 million tons, with 85% being used for deep processing. 40-50% of the cassava cultivation area will utilize certified quality seeds, and 50% will apply sustainable farming practices. The targeted export value on consignment is $1.8 – 2 billion. The domestic and export transportation of large volumes of cassava will require the involvement of leading logistics companies and carriers with substantial freight capacity.
With a vision towards 2050, Vietnam aims for 70-80% of cassava cultivation area to adopt sustainable practices, with over 90% of the output being used for deep processing, and the export value on consignment reaching $2.3 – 2.5 billion. Container shipping of cassava and cassava products for export to global markets will necessitate the support of professional logistics service providers and multimodal transport services.
Key solutions include maintaining existing markets, expanding cassava exports on consignment to new markets, and addressing trade barriers. Domestically, priority will be given to the development of the cassava processing industry, producing high-value-added products such as confectionery, instant noodles, and animal feed. The domestic transportation of cassava raw materials and products will also require the participation of reputable logistics companies and carriers offering reasonable freight rates and efficient services.